https://www.taxtmi.com/caselaws?id=4206 The High Court ruled in favor of the assessee trust, upholding the decision of the Appellate Tribunal. The court determined that the income derived from letting out properties was not to be considered business income but rather aligned with the trust's educational objectives. As a result, the trust was deemed eligible for exemption under section 11 of the Income-tax Act, 1961. en-us Mon, 29 Jan 2007 00:00:00 +0530 Sat, 26 Jul 2008 13:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4206 The High Court ruled in favor of the assessee trust, upholding the decision of the Appellate Tribunal. The court determined that the income derived from letting out properties was not to be considered business income but rather aligned with the trust's educational objectives. As a result, the trust was deemed eligible for exemption under section 11 of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 29 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4206